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1681. Government to spend €850m in direct support until June

The Cypriot government announced the extension of measures to companies and self-employed persons hit by the coronavirus outbreak until June 12, increasing direct support to €849 million or 3.5% of GDP....

1682. President: Lockdown measures extended until end of April

Lockdown and other measures in place to contain the coronavirus outbreak will be extended until April 30, with no exceptions to be made during the Orthodox Easter period, President Nicos Anastasiades said in his televised national address on Wednesday night....

1683. Employers and Employees in the age of Covid-19: A looming battle

In modern times the world community has not faced a situation like the present, created by the Covid-19 pandemic. The Republic of Cyprus is among many countries fighting desperately to minimize damage on all fronts....

1684. Fight against pandemic hangs in the balance

Authorities in the Republic of Cyprus are closely monitoring the effectiveness of stricter measures against the spread of the coronavirus, with health experts saying more cases resulting from lack of social distancing are now starting to emerge...

1685. Corporate Social Responsibility and Corporates’ response to COVID19

The long-term debate over CSR is concerned with whose interests should be attended to, shareholders or stakeholders, and this is actually the debate of the two competing theories over the purpose of the modern business firm...

1686. Cooperation and Transparency Needed to Fight COVID-19

In today’s age of social media, it has unfortunately become normal to see false information reach a broad audience instantaneously through the Interne...

1687. Economic sentiment deteriorates in March reflecting COVID-19 pandemic initial impact

1688. Now is the time for remote and online payments

For more than 30 years, JCC has been supporting businesses and the financial services sector in Cyprus, guided by the central premise of security and reliability in every type of service JCC has been providing...

1689. Second Paphos private hospital to limit operations after Covid-19 confirmation

The Evangelismos private hospital in Paphos became the second private hospital in the city on the southwest coast to limit its operations after a doctor working there tested positive for coronavirus on Friday....

1690. All medical professionals under one roof

The services of all doctors and nurses in both state and private sectors came under one roof on Friday, following a requisition order in the fight against the coronavirus pandemic...

1691. Cyprus not ruling out tougher measures

There was another string of confirmed coronavirus cases this week in the public health sector, with officials in the Republic of Cyprus not ruling out stricter measures to defend those on the front lines...

1692. Mixed signals in fight against coronavirus

There were no clear signals this week in the fight against the coronavirus spread in Cyprus, with more confirmed cases causing alarm and the government having to shift gears on many fronts...

1693. Elections in the north postponed for six months

Elections in the north that were set to take place in April have been postponed for six months amid mounting chain reactions of the coronavirus outbreak, Turkish Cypriot media reported on Tuesday....

1694. Financial measures tackle coronavirus in Cyprus

Measures of Financial Support to address the Impact of the Coronavirus have been announced by the Government of the Republic of Cyprus...

1695. Paphos medic found after coronavirus scare

Police have tracked down a medical practitioner in Paphos who went missing after he and other individuals were known to have come in contact with a confirmed coronavirus case...

1696. EU to launch €37bn coronavirus investment initiative

The European Union will launch a 37 billion euro investment initiative as part of a package of measures to cushion the bloc’s economies from the impact of coronavirus, European Commission President Ursula von der Leyen said on Friday....

1697. President to address nation on coronavirus

Cypriot president to announce social and economic measures to combat coronavirus spread before summer tourism...

1698. Main hospitals partially resume operations, blood banks low

The island’s two main hospitals partially resumed operations on Thursday when coronavirus cases rose to seven after a person who recently returned from the UK tested positive....

1699. Travel agents issue SOS as cancellations mount

Cancellations and minimal new bookings have brought travel agents to “the brink of disaster”, the President of the Cyprus Association of Travel Agents, Vasilis Stamataris, said in a press conference on Wednesday....

1700. Cyprus tries to find footing after virus cases

Authorities on the divided island of Cyprus are scrambling to cope with the first three confirmed cases of the coronavirus, while a doctor and a young man in the south are feared to have spread the infection far and wide...

1701. Checkpoint closures to be extended until Monday

The closure of four crossing points last Saturday, in what the Government said would be a one-week temporary precaution against coronavirus outbreak, will be extended until Monday, the National Council agreed on Thursday....

1702. Mixed reviews on anti-money laundering

A US State Department anti-money laundering report on Cyprus includes fewer negative references but still points to vulnerabilities in the island’s financial services and gaming sectors...

1703. Deputy Minister for Research, Innovation and Digital Policy assumes duties

Kyriacos Kokkinos officially assumed his duties on Friday as Deputy Minister for Research, Innovation and Digital Policy, a Ministry established as part of promoting the government’s digital agenda....

1704. President offers Troodos vacation residence for coronavirus quarantine

State-owned properties in Troodos, including parts of the Presidential summer dwellings, will be provided to host suspected coronavirus carriers in quarantine....

1705. Ambitious national tourism strategy already in motion

Cyprus’ national tourism strategy, containing a set of predefined goals for each year until 2030, is already being implemented, Deputy Minister of Tourism, Savvas Perdios, said on Tuesday....

1706. Shipping Deputy Minister calls for action to maintain competitiveness of European Shipping

Cyprus' Shipping Deputy Minister Natasa Pilides underlined "the need to maintain the competitiveness of European Shipping," during the debate on trade and competitiveness at a conference held within the framework of the European Maritime Week, in Brussels....

1707. New Life in Cyprus of Russian Businessman after unfair seizure of Promsvyazbank

In 2017 Dmitry Ananiev was at the peak of his success. He and his brother Alexei owned a bank, an IT firm and an office complex overlooking the Moscow River. ...

1708. Cyprus and 8 EU countries object to new rules of mobility package on commercial vehicles

Implications of a new rule included in the EU mobility package currently under negotiation, whereby commercial vehicles, lorries, and trucks will be required to return to their licensing Member State every eight weeks, were raised on Wednesday by Transport Minister Yiannis Karousos and several of his counterparts to the Commission Vice President and Commissioner for Transport....

1709. Cyprus Econ Council begins work on future sustainable growth blueprint

The Cyprus Economy and Competitiveness Council (CECC) has announced the start of a project aiming to draft a blueprint on Cyprus’ future long term sustainable economic growth....

1710. Cyprus enjoys strong growth prospects but contingent liabilities remain

Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the fiscal outlook, Scope rating agency said in commentary on Cyprus....